White House · Donald Trump · US Senate · CLARITY Act · Democrats · Republicans · The Block
The latest version of the bill, released Monday night by the Senate Banking Committee, included that language
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That committee is slated to hold a markup on Thursday to amend and vote on the broad crypto market structure bill, dubbed Clarity, which would comprehensively regulate the industry at the federal level for the first time.
Key facts
- The Department of Justice created that team in 2021, and it worked on major cases, including crypto mixer Tornado Cash and the $100 million Mango Markets exploit, but it was disbanded in 2025
- Jack Reed, D-RI, filed almost 20 amendments, including one to change language that had been negotiated on the treatment of stablecoin rewards
- On Tuesday, the Crypto Council for Innovation and the Blockchain Association said they strongly supported the bill in a letter sent to the Banking Committee
- Bill Hagerty, R-Tenn., filed an amendment to block the Federal Reserve from issuing a central bank digital currency, or CBDC
Summary
Over 100 amendments were filed by lawmakers ahead of an anticipated hearing on Thursday to vote on sweeping digital asset legislation. Those amendments include changes to bolster sanctions authorities, ban central bank digital currencies, and change stablecoin reward language, among other adjustments, according to a list of amendments obtained by The Block. Jack Reed, D-RI, filed almost 20 amendments, including one to change language that had been negotiated on the treatment of stablecoin rewards. The latest version of the bill, released Monday night by the Senate Banking Committee, included that language. On stablecoin rewards, Sen.